What is Waves (WAVES)?

Deep Dive

1. Purpose & Value Proposition

Waves aims to simplify blockchain development while enhancing scalability. Its AI Launchpad (Waves Protocol) assists developers in automating smart contract creation and optimizing tokenomics. The network also introduced Neutrino, the first non-overcollateralized stablecoin protocol (2019), and Units Network, an EVM-compatible Layer-2 solution that raised $10M in 2025 for cross-chain interoperability.

2. Technology & Architecture

Waves’ Layer-1 uses a Proof-of-Stake consensus and the Ride programming language, which allows gas-free smart contracts. In 2025, it achieved L1 finality—ensuring irreversible transactions—to boost security and decentralization. Its Layer-2, Units Network, focuses on modular infrastructure, enabling integration with Ethereum, Bitcoin, and AI-driven liquidity management tools.

3. Ecosystem Fundamentals

The ecosystem includes:
- Neutrino (USDN): Algorithmic stablecoin protocol.
- Puzzle Network: Record-breaking liquidity pools for DeFi.
- KoalaSwap: Permissionless DEX with customizable liquidity strategies.
- Pupas AI: Automated yield optimization across assets.

Over 30 projects are integrated into its ecosystem, including NFT platforms and DAO governance models like PWRDAO.

Conclusion

Waves is a multi-layered blockchain ecosystem prioritizing developer accessibility and AI-enhanced DeFi infrastructure. How will its focus on AI integration and modular design shape its role in the evolving Web3 landscape?